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Developing the next major nickel project in Brazil
Vermelho project

An advanced nickel-cobalt project

The Vermelho Nickel Cobalt Project

Vermelho was acquired from Vale S.A. in December 2017. Vale S.A. completed a full Feasibility Study which demonstrated a nameplate capacity of 46,000 tonnes of nickel per year and 2,500 tonnes of cobalt per year. The Mineral Resource illustrates this is a Tier 1 asset in terms of size and grade, sitting firmly in the upper end of the global grade curve. The advanced work completed by Vale S.A. provides Horizonte a fast-track pathway to produce Class1 nickel and cobalt. In 2018, Horizonte complete testwork to produce a battery grade product earlier this year and is in the final stages of completing a Pre-Feasibility Study to go out later in Q3 2019. , The forecast adoption of electric vehicles and energy storage is increasing the demand for battery raw materials, including nickel and cobalt.

Project Location:

Vermelho is located in the Carajás region in the state of Pará, north-eastern Brazil, 70km south of the Carajás major iron ore mines and copper mines operated by mining major Vale S.A.


The Vermelho Nickel Cobalt Project (Vermelho) is 100%-owned by Horizonte acquired from Vale S.A. in 2017.

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